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98% of businesses in New England
meet the basic eligibility requirements for SBA 504 financing.
Loans to Small Businesses
Total Project Financing
What’s the deal?
Borrowers can obtain up to 90% financing, with up to 40% from Bay Colony at a 10, 20 or 25-year below market fixed rate and 50% from the participating lender at a conventional market rate.
Who can borrow?
What can the money be used for?
How large (or small) could the project size be?
Why Bay Colony?
Where is financing available?
Recently Funded Projects
Loans funded in February 2019 ranged from $195,000 to $789,000 and provided assistance to businesses located in Billerica, Fitchburg, Pembroke, Leominster, Boston and Haverhill, MA. The projects will contribute to the creation of 16 Jobs.read more
Loans funded in January 2019 ranged from $81,000 to $729,000 and provided assistance to businesses located in Billerica, Tyngsborough, Middleton, MA and West Warwick, Bristol, RI as well as Salem, NH. The projects will contribute to the creation of 19 Jobs.read more
Loans funded in December 2018 ranged from $97,000 to $1,744,000 and provided assistance to businesses located in Pembroke, Waltham, Beverly, and Brewster, MA as well as Middletown and Warren, RI. The projects will contribute to the creation of 14 Jobs.read more